Bitcoin Laundering Case in UK: Fugitive Jailed for Billions

A Chinese fugitive, Qian Zhimin (also known as Yadi Zhang), has been sentenced to over 11 years in the UK for laundering billions of dollars worth of Bitcoin. This case marks a significant development in the ongoing battle against cryptocurrency-based fraud. The seizure involved over 61,000 BTC, the largest crypto asset recovery in history. Zhimin’s conviction highlights international cooperation efforts to fight illicit financial activity and protect investors.